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MB1125375
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Stetson Dance Hall

11881 BANDERA RD STE 101, Helotes, TX 78023 · TABC MB1125375

Mixed Beverage Helotes Market Enriched 2026-06-15
$1,685,308 Annual gross (L12M) ▼ 13.6% latest MoM Click for monthly detail
$140,442 Avg monthly ▼ 10.5% latest vs avg Click for monthly detail
~40% Est. net margin (likely) $679,393/yr est. net Click for cost model
$1,698k–$1,685k Est. acquisition range 1.00× annual gross (blended) Click for valuation methods
Liquor sales only — total revenue is higher
Every dollar on this page comes from Mixed Beverage Gross Receipts filings — the alcohol portion of total sales. For a Saloon, liquor is typically only 85–95% of total business revenue. Liquor-led. Estimated total revenue (rough): $1,774,008 – $1,982,715/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

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Stetson Dance Hall is a mixed-beverage licensed establishment at 11881 BANDERA RD STE 101, Helotes, Texas (TABC MB1125375). Over the most recent 12 months it reported $1,685,308 in gross alcohol sales, averaging $140,442/month with a best month of $175,416. Sales mix: ~57% liquor · 43% beer · 0% wine. The building at this address is owned by CITY OF SAN ANTONIO $100 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $679,393 (~40% margin). Acquisition value is estimated at $1,698k–$1,685k across revenue-multiple, SDE-multiple, and cap-rate methods. All revenue figures are gross mixed-beverage receipts as filed with the Texas Comptroller; they exclude cash income such as cover charges, game machines, or merchandise.

Sales performance · last 12 months

Texas Comptroller mixed-beverage gross receipts actual

Annual gross
$1,685,308
Avg monthly
$140,442
Best month
$175,416
Dec 2025
Sales mix
57% Liq
43% Beer · 0% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID584062
Property owner (landlord)CITY OF SAN ANTONIO
Stetson Dance Hall's footprint estimated — suite-level not on file 5,000 sf
Assessed value$100

Stetson Dance Hall's share

Est. base rent ~$0/sqft/yr · 5,000 sqft · Class C $1/mo
NNN CAM / insurance$0/mo
NNN property tax$0/mo
Personal property tax own fixtures · Prop 1399753 $122/mo
Total occupancy $123/mo

Occupancy analysis

All-in occupancy cost is 0.1% of gross revenue. Industry benchmark for healthy bars is 6–10%; 12–15% is typical for premium submarkets; above 18% is unsustainable without very strong margins elsewhere.

Profit scenarios

Texas bar cost model applied to $1,685,308 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~48%
Revenue$1,685,308
COGS (24%)−$404,474
Labor (14%)−$235,943
Occupancy−$1,324
TX MB gross tax (6.7%)−$112,916
Utilities / ins / mktg (8%)−$134,825
Card surcharge net+$18,538
Net profit $814,365
Most Likely
Typical bar, light food program, full two-shift staffing
~40%
Revenue$1,685,308
COGS (27%)−$455,033
Labor (17%)−$286,502
Occupancy−$1,472
TX MB gross tax (6.7%)−$112,916
Utilities / ins / mktg (10%)−$168,531
Card surcharge net+$18,538
Net profit $679,393
Stressed
Heavy food, larger crew, higher rent
~30%
Revenue$1,685,308
COGS (30%)−$505,592
Labor (22%)−$370,768
Occupancy−$1,619
TX MB gross tax (6.7%)−$112,916
Utilities / ins / mktg (12%)−$202,237
Card surcharge net+$18,538
Net profit $510,715
Disclaimer: Revenue is mixed-beverage gross receipts from the Texas Comptroller — it does not include cash income like door charges, game machines, merchandise, or event rentals (which can add 10–25% for nightclubs). Cost ratios are industry benchmarks for Texas MB-permit bars. Rent is estimated from submarket comps; property tax is from county public records pro-rated by square footage. Actual profit depends on lease terms, staffing, owner salary, and one-time costs.

Owner income estimator

Split likely net profit across ownership estimated

TABC licensee Stetson Bandera LLC looking up officers…
2
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $679,393/year. Actual owner income depends on salary draws, distributions, debt service, and tax structure. Consult an accountant for actual income projections.

Acquisition value estimate

Based on most-likely scenario (~$679,393 net) estimated

Revenue multiple
$843k–$1.35M
0.5–0.8× gross
SDE multiple
$1.70M–$2.38M
2.5–3.5× earnings
Cap rate
$2.06M–$2.72M
25–33%
Suggested range
$1,698k–$1,685k
blended estimate
The numbers above are liquor-only: bar-style multiples applied to mixed-beverage receipts. They're the right answer for a pure bar/lounge — but for a restaurant, this is just one slice of total enterprise value (the bar program). See the food-business estimate below.

Federal court history

Public records · last checked 2026-06-04

Lookup pending — check back tomorrow

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